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FHA Loans for 2 unit, 3 unit, or 4 unit properties for Purchase and Refinance
We offer FHA Loans on 2 unit, 3 unit, or 4 unit properties for Purchase and Refinance.   We offer FHA Loans to finance the purchase of a multi family home (2-unit, 3-unit or 4 Unit, aka Duplex, Triplex, and Fourplex / Quadplex) as well as refinance your current loan into an FHA or Streamline Refinance your existing FHA Loan.  This can be a great investment strategy, as you can live in one of the units and rent out the other(s).  This awesome opportunity only requires the standard 3.5% FHA Downpayment and that you live in and occupy one of the units to qualify for FHA Financing.   You can use the rental income of the rented unit on a 2-unit or Duplex to help qualify.  This will determined either by using existing tenants and their actual rent rolls, or a projected rent schedule from the FHA Appraisal.  Our FHA underwriters will allow you to use 75% of those rents towards your income for qualifying purposes.    For 3-4 unit properties such as Tri-plexes and Quadruplexes,  the rents from the other units can also be counted to help qualify.   However, the total projected net rents on the units must cover the ... more

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